Martin Lewis is a financial expert who is best known for creating Moneysavingexpert.com and supplying us with tips and tricks to save a bit of cash.
The money saving wizard offers advice on saving pounds across all areas of your life, most recently appearing on television to tell us all how to save £300 on energy bills.
What is a push payment and how to avoid fraud?
Over 60 per cent of people are on their supplier’s standard tariff, paying typically £300 a year more than they need to.
He advised: ‘Even if you’re thinking I switched a year ago so will be on a good deal, you’re most likely not.
‘Most cheap deals are for a year, so if you’ve not switched in the last 12 months and are with one of the big six – British Gas, EDF, E.on, Npower, Scottish Power and SSE – you’ll be on their very expensive standard tariff.
‘And if you’re with anyone else, you could still be overpaying too, so check.’
Who is Martin Lewis?
Martin Lewis is a 45-year-old British financial journalist who has an OBE for his financial expertise.
He has appeared on television with his ITV show The Martin Lewis Money Show, and as a weekly guest on This Morning and Good Morning Britain.
His website, MoneySavingExpert.com, which he started for £100 but has now sold, to online price comparison service, MoneySupermarket.com.
He married his wife Lara Lewington in 2009.
How much is Martin Lewis worth?
He briefly worked in financial communications consultancy before heading into media.
He graduated as a journalist and became a producer for the BBC Business Unit.
He also worked for Sky’s Simply Money, where he began to present himself as a money saving expert, however, it was his website that is responsible for the majority of his wealth
According to wealtholino, he is said to be worth £73 million.
In June 2012, BBC News reported Martin sold MoneySavingExpert.com for up to £87m.
As part of the deal it’s believed he initially received £35m plus shares in the website worth an additional £25m.
He has written books too and offers financial advice in newspaper columns.